Feed Contract Awarded to Foster Wheeler for Turkmenistan Refinery Revamp.Business Editors HAMILTON, Bermuda--(BUSINESS WIRE)--April 11, 2002 Foster Wheeler Ltd. (NYSE NYSE See: New York Stock Exchange : FWC FWC Fish and Wildlife Conservation Commission (Florida) FWC Foster Wheeler Corporation (Clinton, NJ) FWC Family Winemakers of California FWC Fresh Water Cooling FWC Flight Warning Computer ) today announced that its subsidiary Foster Wheeler Italiana S.p.A. has been awarded a basic and front end engineering design (FEED) contract by Emerol Ltd. for the revamp of a delayed coker A delayed coker is a type of coker whose process consists of heating the residual oil feed to its thermal cracking temperature in a multi parallel pass furnace. This cracks the long chain heavy carbon and hydrogen molecules of the residual oil into coker gas oil and pet coke. unit at its refinery in Turkmenbashi, the Republic of Turkmenistan. The total value of the project is approximately $43 million and the FEED is expected to be completed by early 2003. The contract calls for modernization and debottlenecking of the present delayed coker unit, which is of Russian design. The revamp of this conversion unit will include Foster Wheeler's proprietary delayed coking technology. The Turkmenbashi refinery is the largest of two in Turkmenistan and is undergoing a major modernization as the country expands the development of its oil and gas industry. The revamp of the delayed coker is the start of this modernization program. Notes to Editors: 1. Foster Wheeler Ltd. is a global company offering, through its subsidiaries, a broad range of design, engineering, construction, manufacturing, project development and management, research, plant operation and environmental services The various combinations of scientific, technical, and advisory activities (including modification processes, i.e., the influence of manmade and natural factors) required to acquire, produce, and supply information on the past, present, and future states of space, atmospheric, . The corporation is based in Hamilton, Bermuda, and its operational headquarters are in Clinton, N.J. For more information about Foster Wheeler, visit our World-Wide Web (World-Wide Web, networking, hypertext) World-Wide Web - (WWW, W3, The Web) An Internet client-server hypertext distributed information retrieval system which originated from the CERN High-Energy Physics laboratories in Geneva, Switzerland. site at www.fwc.com. 2. Emerol Ltd. is a Russian developer well established in Turkmenistan where it has substantial interest in various industrial activities. Emerol is also active in other CIS/FSU countries and in Western Europe Western Europe The countries of western Europe, especially those that are allied with the United States and Canada in the North Atlantic Treaty Organization (established 1949 and usually known as NATO). . 3. Coking is the process for thermally converting and upgrading heavy residual oil into lighter products and by-product by·prod·uct or by-prod·uct n. 1. Something produced in the making of something else. 2. A secondary result; a side effect. by-product Noun 1. petroleum coke. The delayed coking process raises the temperature of the heavy oil residue to nearly 1000(Degree)F and leaves the oil in a large drum to gradually crack the large molecules into light oil components. |
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